In a ruling in favour of the domestic tyre companies, the Commerce Ministry has put imports of radial bus and truck tyres under ? restricted list?. This would compel tyre dealers who are importing radial tyres for commercial vehicles to obtain a licence from the Government unlike earlier when they were allowed to import freely.
The Government?s decision hopes to give respite to tyre companies, which were wrestling with increasing imports at a time when the domestic demand was also slowing down. More
Courtesy: indiacar.net
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